Blockchain analysis firm Glassnode has observed a significant shift in Bitcoin market dynamics, noting that the recent selling pressure has subsided. Since reaching a peak on October 10th, the cumulative trading volume increase (CVD) for both Bitcoin spot and futures markets has leveled off. This flattening of CVD suggests a reduction in the net pressure of active selling, indicating a potential stabilization in the market.
Glassnode Reports Easing Bitcoin Selling Pressure
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